Wilson Sonsini Advises Zipline on $250 Million Financing

On June 30, 2021, Zipline, the global leader in instant logistics, announced $250 million in new funding, bringing the company’s valuation to $2.75 billion. New investors Fidelity, Intercorp, Emerging Capital Partners, and Reinvent Capital participated in the round, along with existing investors including Baillie Gifford, Temasek, and Katalyst Ventures. Wilson Sonsini Goodrich & Rosati advised Zipline on the financing.

Zipline designs, manufactures, and operates the world’s largest automated on-demand delivery service. The new financing will enable the company to continue advancing its integrated service, including its autonomy platform, aircraft, fulfillment systems, and operations. The funding will also fuel continued expansion into new industries and geographies, transforming systems like healthcare and commerce with instant logistics.

The Wilson Sonsini team that advised Zipline on the financing includes:

Corporate
David Wickwire
Michael Nordtvedt
Ashley Schmidt
Kiri Yoshimura
Jeff Buckelew
Barbara Mery
Nabiila Hendryani-Soehedi

Delaware Corporate
Angela Flaherty
Ryan Greecher

Securities Regulatory and Complex Transactions
Amy Caiazza

Export Controls/CFIUS
Josh Gruenspecht
Jonathan Davey

For more information, please see Zipline’s press release.